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Sept WPI inflation hits near five-year low of 2.38 percent

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's wholesale price inflation eased for a fourth straight month in September to 2.38 percent, its lowest level in nearly five years, government data showed on Tuesday.

The rise in the wholesale price index (WPI) compared with a 3.3 percent year-on-year jump forecast by economists in a Reuters poll. In August, wholesale prices rose 3.74 percent year-on-year.

The reading for July WPI inflation was revised to 5.41 percent from 5.19 percent earlier.

(Reporting by Rajesh Kumar Singh; editing by Malini Menon)

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First Published: Oct 14 2014 | 12:12 PM IST

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